Economy

Stocks fall after four-day rise

The stock market fell yesterday, ending a four-day rising streak, with turnover also plunging.

The DSEX, the broad index of the Dhaka Stock Exchange (DSE), dropped 14.10 points, or 0.27 percent, to close at 5,253.

The DSES index, which represents Shariah-based companies, declined 2.34 points, or 0.20 percent, to 1,173.

Meanwhile, the DS30 index, comprising blue-chip stocks, fell 4.18 points, or 0.22 percent, to 1,926.

Of the issues traded on the DSE, 127 advanced, 208 declined and 62 remained unchanged.

Turnover fell 23.68 percent to Tk 463 crore compared to the previous day's trading session.

Bashundhara Paper Mills led the gainers, rising 9 percent, while Midland Bank saw the steepest drop, also at 9 percent.

IFIC Bank Limited was the most traded stock, with a turnover of Tk 14.5 crore.

In its daily market update, Shanta Securities noted that the market movement was driven by negative changes in the market capitalisation of the travel and leisure, banking, and financial institutions sectors. However, the paper and printing, tannery industries, and fuel and power sectors saw rises.

BRAC EPL Stock Brokerage also reported that most large-cap sectors performed negatively.

The non-bank financial institutions sector recorded the highest loss of 1.74 percent, followed by banking at 1.23 percent, engineering 0.19 percent, telecommunications 0.17 percent and pharmaceuticals 0.05 percent.

Conversely, the food and allied sector edged up 0.03 percent, while the fuel and power sector gained 0.23 percent.

In Chattogram, the CSE All Share Price Index (CASPI), the benchmark index of the port city's bourse, declined 22.47 points, or 0.15 percent, to settle at 14,683.

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Stocks fall after four-day rise

The stock market fell yesterday, ending a four-day rising streak, with turnover also plunging.

The DSEX, the broad index of the Dhaka Stock Exchange (DSE), dropped 14.10 points, or 0.27 percent, to close at 5,253.

The DSES index, which represents Shariah-based companies, declined 2.34 points, or 0.20 percent, to 1,173.

Meanwhile, the DS30 index, comprising blue-chip stocks, fell 4.18 points, or 0.22 percent, to 1,926.

Of the issues traded on the DSE, 127 advanced, 208 declined and 62 remained unchanged.

Turnover fell 23.68 percent to Tk 463 crore compared to the previous day's trading session.

Bashundhara Paper Mills led the gainers, rising 9 percent, while Midland Bank saw the steepest drop, also at 9 percent.

IFIC Bank Limited was the most traded stock, with a turnover of Tk 14.5 crore.

In its daily market update, Shanta Securities noted that the market movement was driven by negative changes in the market capitalisation of the travel and leisure, banking, and financial institutions sectors. However, the paper and printing, tannery industries, and fuel and power sectors saw rises.

BRAC EPL Stock Brokerage also reported that most large-cap sectors performed negatively.

The non-bank financial institutions sector recorded the highest loss of 1.74 percent, followed by banking at 1.23 percent, engineering 0.19 percent, telecommunications 0.17 percent and pharmaceuticals 0.05 percent.

Conversely, the food and allied sector edged up 0.03 percent, while the fuel and power sector gained 0.23 percent.

In Chattogram, the CSE All Share Price Index (CASPI), the benchmark index of the port city's bourse, declined 22.47 points, or 0.15 percent, to settle at 14,683.

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